interstate commerce


interstate commerce
   Commercial trade, business, movement of goods or money, or transportation from one state to another. Such commerce is regulated by the federal government under powers granted in the Constitution. The federal government can also regulate commerce within a state that may influence the interstate movement of goods and services, and may strike down state actions that impede such movement. At present, commerce is regulated by the Interstate Commerce Commission (ICC) on the basis of the Interstate Commerce Act, first enacted by Congress in 1887, but there are now several federal agencies with an interest in the area.

Business law dictionary. 2015.